There is a small amount of savings and there is a child.
I'm very sorry for your loss. Unfortunately, the child's estate is responsible for the debts. If, however, the child had a very limited estate, then the creditors will have to take pennies on the dollar. You may wish to consult with an attorney in the jurisdiction where your child resided at the time of the child's death for further information.
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I'm sorry for your loss. Any claims by your child's creditors would have to be made against your child's estate.
DISCLAIMER: Brandy A. Peeples is licensed to practice law in the State of Maryland. This answer is being provided for informational purposes only and the laws of your jurisdiction may differ. This answer based on general legal principles and is not intended for the purpose of providing specific legal advice or opinions. Under no circumstances does this answer constitute the establishment of an attorney-client relationship. For legal advice relating to your specific situation, I strongly urge you to consult with an attorney in your area. NO COMMUNICATIONS WITH ME ARE TO BE CONSTRUED AS ARISING FROM AN ATTORNEY-CLIENT RELATIONSHIP AND NO ATTORNEY-CLIENT RELATIONSHIP WILL BE ESTABLISHED WITH ME UNLESS I HAVE EXPRESSLY AGREED TO UNDERTAKE YOUR REPRESENTATION, WHICH INCLUDES THE EXECUTION OF A WRITTEN AGREEMENT OF RETAINER.
I agree with my colleagues. I would simply add that there may be exemptions and allowances which would be available to the child or spouse of your child. These may take precedence over creditor claims. In my state, for example, you may be able to shelter $60k or more from any creditor claims. The same is true for administrative expenses of the estate, (such as funeral costs). You should consult with a probate lawyer to make sure that this is handled properly.
I too am very sorry for your loss. It is the kind of pain that a parent should never need to endure.
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Estate Planning Attorney
It is true that the estate is responsible for debts in the decedent's name only. Credit cards generally speaking survive the death of the card holder. Many student loan agreements forgive the debt in the case of death, but you have to review each carefully.
This is not legal advice nor intended to create an attorney-client relationship. The information provided here is informational in nature only. This attorney may not be licensed in the jurisdiction which you have a question about so the answer could be only general in nature. Visit Steve Zelinger's website: http://www.stevenzelinger.com/
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